Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover
Around the world. Ken feld is the head of feld entertainment, owner of barnum and bailey and ringling circus. In the early 1900s, the ringling brothers bob Barnum Bailey circus and it became ultimately ringling brothers and barnum and bailey combined shows. Fast forward, my father acquired it in 1967. I was a student at boston university. He said, we are going to rome, meet e either the rate we are going to buy the circus t this weekend. You did not go to Business School at all. Looking at that now, do you think you missed him by not getting your mba, or did you make the right choice by going straight to work . I think my graduate school and learning from my dad. He was a great teacher. We would always travel. All of our businesses were aveling, so o i would go with him. Early on, he would say, dont say anythingdont the surprised by what comes out of my mouth. That evening, we would go to dinner, it would be a two and a half hour dinner, he would smoke some cigars, cognac and everythin
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